OCR Text |
Show Up and Down the Street Continental Oil Co. Leases Block of Millard Land Smelting and Refining Co. It wai since leased by the Howell Mining Co, which In turn has leased It to the Yankee Leasing Co. The workings art located southeast south-east of ML Baldy. Twe contract shifts are at work now developing a run-around which by-passes a cave at the entrance en-trance of the mine, Mr. Bee son 'said. Diamond drilling on tha fissure fis-sure will commence next week. A 8 R abandoned the mine after falling to find tha bedded ore. Yankee leasing la capitalised at $50,000, of which 120,000 la subscribed. sub-scribed. Officers, In addition to Mr. Bee-son, Bee-son, are 8. O. Sargla, vice president; presi-dent; D. 8. Bee son. secretary, and Henry O. Blumenthsl, treasurer. lye) FlucttMrtlon By Robert W. Bernlek A number of Utahna have closed a deal with tha Continental Oil Co. for lease of 30,000 acres of land In southwestern Millard county. It was disclosed Saturday. The firm will geologise the acreage acre-age In townships H-14-25. tS west, before determining a drilling drill-ing program. It la an estimated 15 to It miles south of Burbank In the vicinity of the Desert Range experiment station. Preston and Rulon Neilson, formerly for-merly of Logan, Utah, turned all but about 4700 acres of tha land 1 to the Continental Oil Co. The remainder Is represented by block aasembled by Paul J. Cellist Cel-list er of Salt Lake City. Further to the north, the Confusion Con-fusion Rang etructuree have received re-ceived leasing attention from the Phillips Petroleum Co., the Sun Oil Co. and Sinclair Oil Co. Definite production schedules for the Salt Lake Kalunlte plant will not be established because of the fluctuating demand for ammonium am-monium sulphate fertilisera. O. A. Power, Pocatello, manager man-ager of Simplot Fertilizer Co., which operates tha Salt Lake facility, aald production at the plant here had ceased but would recommence this fall. Nome) Distributor Verne W. Bender, Cleveland, has been appointed distributor sales manarer for Nelson Stud Weldlns Ixplor Claims The old Tankee and Olobe clalma In tha American Fork mining district dis-trict are being explored for copper-gold ores by tha Yankee Leasing Leas-ing Co. Joseph J. Beeeon, president of tha newly formed company, reported re-ported that objective waa Intersection Inter-section of the Yankee fissure with "bedding." at- which point, ha aald. there may be an are body. The Yankee claim waa worked for some time by the American I division of Morton Gregory Corp., ('which doea hnalnsss la in Salt I Lake area. Production Droos Dally average production of the I nation s copper minse dropped 10 In May, tha United States I Bureau of Mlnea reported Satur-Iday. Satur-Iday. Utah's avsrage dropped te to 118.320 tons. |